sperax-spa-staking

Staking SPA for veSPA governance power on Arbitrum involves locking SPA tokens for a chosen duration, which converts them into vote-escrowed veSPA. Your governance power is calculated based on the lock duration and experiences linear decay over time as the lock expires.

The xSPA weekly distribution schedule allocates protocol fee value to stakers, accruing through USDs yield and protocol fee buyback-and-burn mechanisms. Stakers can claim their allocated xSPA rewards on a weekly basis directly through the Sperax app interface.

Choosing between staking xSPA into veSPA and redeeming xSPA back to SPA depends on your desired liquidity timeline. Staking xSPA into veSPA converts at a 1:1 ratio with lock constraints for governance power, while redeeming xSPA back to SPA yields 0.5–1.0 SPA depending on the redeem duration.

Sperax Snapshot governance voting mechanics utilize veSPA governance power to cast votes on protocol proposals. The system features specific governance phases and voting thresholds that determine proposal approval requirements, allowing veSPA holders to participate directly in ecosystem decisions.

You can calculate veSPA lock math and linear decay before staking SPA tokens by evaluating the tradeoff between lockup duration and governance power. Longer lock durations grant proportionally more veSPA, while the linear decay model reduces your governance power gradually as the lock expiration approaches.